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Ministry of Commerce & Industry

Coronavirus In India: Government bans export of masks, ventilator to contain COVID-19 spread

Coronavirus In India: Government bans export of masks, ventilator to contain COVID-19 spread

Sat, Mar 21, 2020

Coronavirus In India: The Ministry of Commerce has done the required amendment in export policy to ban the export of face masks, ventilators and textile raw material required for the making of face masks and ventilators.

Govt may consider import duty cut on raw material for fertiliser industry in Budget

Govt may consider import duty cut on raw material for fertiliser industry in Budget

Mon, Jan 27, 2020

The government may consider cut in import duty on raw material used in the fertiliser industry in the forthcoming budget with a view to boost domestic manufacturing

100-day agenda:Com min proposes major export promotion scheme to boost shipments

100-day agenda:Com min proposes major export promotion scheme to boost shipments

Mon, May 27, 2019

A new export promotion scheme has become necessary as the existing merchandise exports for India (MEIS) scheme is being opposed by the US in the World Trade Organisation (WTO), stating it is not in compliance with global trade norms, the official said.

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Wholesale Price Index stands at 2.17% in May; March WPI revised

Wholesale Price Index stands at 2.17% in May; March WPI revised

Wed, Jun 14, 2017

This month, all commodities under WPI declined by 0.4% to 112.8 from 113.2 for the previous month.

FDI up 9% in FY17 to highest level of $43.48 billion: Govt

FDI up 9% in FY17 to highest level of $43.48 billion: Govt

Fri, May 19, 2017

"The FDI equity inflow received during 2016-17 is $43.48 billion... It is the highest ever for a particular financial year," it said.

Strong Rupee unlikely to impact Indian exports this time around

Strong Rupee unlikely to impact Indian exports this time around

Tue, May 02, 2017

Rudra Sensarma, professor of economics, IIM Kozhikode said, “Since most exporters use short term forward contracts to hedge their forex exposures, they would be unfazed by the strengthening rupee unless it significantly drops below the 65-68 range it has been maintaining for more than a year."

Can Rupee save India from rising wholesale inflation?

Can Rupee save India from rising wholesale inflation?

Tue, Apr 18, 2017

Siddharth Purohit Senior Equity Research Analysts – Banking of Angel Broking said, “We believe a strong rupee should result in lower crude oil prices for Indian basket and that should keep both CPI and WPI under check in the near term.”

Wholesale Inflation eases in March but likely to rise going further

Wholesale Inflation eases in March but likely to rise going further

Mon, Apr 17, 2017

Following the February numbers, analysts at Motilal Oswal and Care Ratings expected WPI to be around 6.3% for last month of FY17.

WPI Inflation stood at 5.7% in March; Jan WPI revised

WPI Inflation stood at 5.7% in March; Jan WPI revised

Mon, Apr 17, 2017

Since the start of financial year 2016-17, WPI has been rising consistently, so much so that in February it reached to a 4-year high due to rise in fuel inflation (21.0%) and lower base in the previous year’s index.

India’s exports rise over 17%, first double digit growth in two years

India’s exports rise over 17%, first double digit growth in two years

Wed, Mar 15, 2017

Ministry of Commerce and Industry on Wednesday put out India’s foreign trade numbers wherein the country’s exports had grown in double digits for the first time since 2014, as analyst Firat Unlu from The Economist Intelligence Unit pointed out.

Wholesale Price Index grows by 5.25% in January month

Wholesale Price Index grows by 5.25% in January month

Tue, Feb 14, 2017

The official Wholesale Price Index for ‘All Commodities’ in January rose by 1% to 184.6 (provisional) from 182.8 (provisional) for the previous month.

Wholesale inflation rises to 3.39% in December

Wholesale inflation rises to 3.39% in December

Mon, Jan 16, 2017

Wholesale Price index (WPI) or Wholesale inflation rose to 3.39% (provisional) for the month of December, 2016 (over December, 2015) as compared to 3.15% (provisional) for the previous month and -1.06% during the corresponding month of the previous year, said Ministry of Commerce and Industry.

Trade deficit in November rises to Rs 88,000 crore

Trade deficit in November rises to Rs 88,000 crore

Thu, Dec 15, 2016

Oil imports during November, 2016 were valued at $6837.76 million which was 5.89% higher than oil imports valued at $6457.37 million in November 2015.

Wholesale inflation grows 3.15% in November

Wholesale inflation grows 3.15% in November

Wed, Dec 14, 2016

The wholesale price index (WPI) or wholesale inflation stood at 3.15% for the month of November as compared to 3.39% in October and -2.04% during the same period last year, said Ministry of Commerce and Industry on Wednesday.

India’s gold imports at 11-month high in October at over 99 tons

India’s gold imports at 11-month high in October at over 99 tons

Mon, Dec 05, 2016

Ministry of Commerce and Industry, on Monday revealed the details of gold imports in India over the past year and October’s imports which amounted to 99.62 tons valued at $3.5 billion.

Output index of eight core industries rose by 6.6% in October

Output index of eight core industries rose by 6.6% in October

Wed, Nov 30, 2016

The eight core industries comprise nearly 38% of the weight of items included in the index of industrial production (IIP).

Exports rises by nearly 10%; trade deficit widens in October

Exports rises by nearly 10%; trade deficit widens in October

Tue, Nov 15, 2016

On cumulative basis, the value of exports for the period April-October 2016-17 was $154913.20 million.

WPI Inflation falls marginally to 3.39% in October

WPI Inflation falls marginally to 3.39% in October

Tue, Nov 15, 2016

The official Wholesale Price Index for ‘All Commodities’ for the month of October, 2016 rose by 0.1% to 182.9 from 182.8 for the previous month.

GSTN, DGFT agreement to strengthen processing of exporter tax transactions, boost robotics

GSTN, DGFT agreement to strengthen processing of exporter tax transactions, boost robotics

Fri, Oct 28, 2016

State-owned IT service provider, Goods and Services Network (GSTN) signed a Memorandum of Understanding (MoU) with Director General of Foreign Trade (DGFT) for sharing of foreign exchange realisation and Import Export code data on Thursday.

WTO meet: India calls for level playing field in agri-trade

WTO meet: India calls for level playing field in agri-trade

Sun, Oct 23, 2016

India has called for creating a level playing field for developing countries in agri-trade to safeguard livelihood of millions of poor farmers. The issue, among others, was discussed during the mini-ministerial gathering of key Trade Ministers of WTO in Oslo on October 21-22.

Natural rubber production up 20% in August; tyre companies' stock rises

Natural rubber production up 20% in August; tyre companies' stock rises

Fri, Sep 30, 2016

In a statement, Rubber Board said that output was up 48,000 tonnes from a year ago.

Export of marine products projected to increase by 20% to $5.6 billion in FY17

Export of marine products projected to increase by 20% to $5.6 billion in FY17

Thu, Sep 22, 2016

The US and South East Asia are the major importers of Indian seafood and frozen shrimp continued to be the major export item last year, followed by frozen fish.

Vibrant Gujarat? Investment intention halves in Jan-Jun 2016

Vibrant Gujarat? Investment intention halves in Jan-Jun 2016

Thu, Aug 25, 2016

A year later, it seems that this vibrancy in terms of investment intentions has quickly faded away.

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